This study examines the relation of the stock markets in India with some leading South Asian countries and also endeavours to communicate the impression whether Indian equity market is more proficient than the other south Asian markets as is popularly believed.Integrated financial market is assumed to be of immense significance as it constitutes an important vehicle for promoting domestic savin...

Development of e-banking has empirically modified the structure and characters of banks’ performance, efficiency, risk and challenges which have also been articulately recognized based on the international best practices. E-banking brazenly accelerates and restructures financial transactions via enhancing technology and expanding the banking services in comparison with conventional banking. Acc...

Spatial contagion between two financial marketsX and Y appears when there is more dependence betweenX and Y when they doing badly than when they exhibit typical performance. In this paper, we introduce an index to measure the contagion effects. This tool is based on the use of suitable copulas associated with the markets and on the calculation of the related conditional Spearman’s correlation c...

Using a database of more than 8,000 companies from 35 countries, we find that the value of corporate diversification is negatively related to the level of capital market development. Among high-income countries, where capital markets are well developed, we find a significant diversification discount. By contrast, for the lower income countries, we find that there is either no diversification di...

Enterprise transformation is often triggered by financial performance deficiencies, i.e., anticipated or experienced transitions from superior performance to inferior performance. These deficiencies are due to a lack, or a loss, of competitive advantage. Transitioning back to superior performance usually requires that enterprises invest in regaining competitive advantage in one form or another....

This paper discusses the approach to curation of the MuMe Weekend (held in Sydney, Australia, 2013) and the experience the authors gained from hosting the event. We identify open challenges arising from this applied demonstration of musically metacreative systems. Identified challenges are not technical, but rather methodological, concerning pragmatic aspects of presenting and collaboratively i...

Consolidation in the global banking industry has resulted in the emergence of financial conglomerates that conduct an extensive range of businesses with a group structure. To date, however, few studies have investigated the performance features of such groups. This study aims to extend the literature by evaluating the cost characteristics (scale, scope and x-efficiency), profit efficiency and p...